Press Releases
CYBER-ARK NAMED AS FINALIST FOR THE 2007 MITX TECHNOLOGY AWARDS
Fourth Annual MITX What's Next Forum & Technology Awards Recognize Outstanding Technology Advancements in New England Region
Boston, May 8, 2007 - Cyber-Ark® Software, the leader in Privileged User Management, today announced that it has been named a finalist for the 4th Annual MITX Technology Awards for its Privileged Password Management (PPM) solution, Enterprise Password Vault™. The MITX 'What's Next Forum & Technology' Awards recognize innovative technologies developed in the New England area, as well as the individuals and organizations responsible for driving these advancements. The Massachusetts Innovation & Technology Exchange (MITX) is the region's premier association for thought leadership, technology trends, business networking and professional training and development
Cyber-Ark's Enterprise Password Vault features vital capabilities designed from the ground up for IT and audit professionals who focus on securing, managing, updating and logging all privileged passwords throughout an enterprise, whether these shared, administrative or super-user passwords exist in routers, servers, databases, workstations or applications. Enterprise Password Vault is the only solution on the market to provide an enterprise-wide view of privileged password activity and has become the de-facto Privileged Password Management solution for Fortune 1000 companies. Customers benefit from Enterprise Password Vault by having complete control over the use of shared privileged accounts, assuring individual accountability, and providing a complete audit trail for regulatory compliance.
"What's particularly exciting for us is that the MITX judges not only recognized the innovative nature of our technology, but also the tangible economic and management benefits that Cyber-Ark's software can drive in the enterprise," said Udi Mokady, President and CEO of Cyber-Ark Software. "Being singled out as one of the best security solutions is a very clear signal to all of us at Cyber-Ark that we truly are breaking new ground and changing the rules in the privileged user identity market."
"The regional economy is showing real strength, and it's in no small part due to the resurgence in the technology sector and the innovation that fuels so much of the growth," said Kiki Mills, executive director of MITX. "The MITX Technology Awards are a wonderful opportunity to recognize the companies that are leading the way and to celebrate their accomplishments and that of the entire technology community."
Cyber-Ark will be recognized with the other finalists in the Security category at an awards ceremony attended by the region's top technology and business professionals. Winners will be announced during the ceremony at the Four Seasons Hotel in Boston on Tuesday, June 5, 2007. This year's keynote speaker and special honoree is Tim Berners-Lee, Director of the World Wide Web Consortium.
The ceremony is preceded by the 'What's Next Forum'. The topic, What's Next for The Device Web -Emerging User Experiences, will be a forward-looking discussion about the exciting new world is coming the consumer's way that will provide them with a range of new, very rich experiences.
The MITX What's Next Forum & Technology Awards are sponsored by Backbone Media, Lewis PR, Microsoft, Oracle, and Technology Review.
About Cyber-Ark
Cyber-Ark Software is an Information Security company that develops and markets digital vaults for securing and managing privileged passwords and highly-sensitive information. Based on its patented Vaulting Technology®, Cyber-Ark's digital vault products include: The Inter-Business Vault®, a secure infrastructure for cross-enterprise data exchange of highly-sensitive information; the Sensitive Document Vault™, for secure storage and management of highly-sensitive documents, and the Enterprise Password Vault™, for the secure management of administrative, emergency and privileged user passwords. Cyber-Ark's Vaulting platform has been tested by ICSA Labs, an independent division of Cybertrust. ICSA is the security industry's central authority for research, intelligence, and certification testing of security products. Cyber-Ark enjoys strong customer relationships with 250+ Global 1000 customers. The company is located in Newton, Mass. and on the World Wide Web at www.cyber-ark.com
About MITX
Established in 1996, MITX-the Massachusetts Innovation & Technology Exchange (MITX: "my-techs") is the industry and professional organization where technology, marketing and digital media intersect. Reaching more than 6,000 professionals in New England, MITX is a dynamic and growing community for thought leadership, building business relationships and professional training and development. Members of the MITX community take advantage of events, sponsorships, speaking opportunities and networking to make meaningful business connections and exchange innovative leadership, management and technical ideas. With more than 60 events each year, MITX provides its members with the opportunity to promote their companies to targeted audiences. MITX events also provide a valuable forum for networking to source potential business leads, partnerships, ideas, funding and other likeminded peers in the industry. MITX is headquartered in Cambridge. For more information please go to www.mitx.org